Studying in Germany – the right choice for you! Harvard Business Publishing is an affiliate of Harvard Business School. But what made Europe’s stalwart such a manufacturing success story? Even with wages and benefits that are higher than those in the U.S. by 66%, manufacturing in Germany employed 22% of the workforce and contributed 21% of GDP in 2010. It’s high time for the U.S. to revamp its innovation system. Few countries have contributed so much to science and technology as Germany. We explain the advantages and disadvantages. Exports are not everything – seven factors for Germany’s economic strength. According to The Federal Ministry of Education and Research, “the goal is for good ideas to be translated quickly into innovative products and services. But there are ten good reasons why, according to CNN Money, that our German friends enjoy a unique advantage. In other words, innovation doesn’t end with invention. One of the top reasons to learn German is to make more money. All rights reserved. When it comes to adapting groundbreaking new technology like blockchain, IoT as well as big data, Germany covers more than one-fourth of the European market. Some are beautiful, others are horrendously ugly. Germany is approaching full employment. The export quota was almost 40 per cent, and over 50 per cent in industry. Excerpt: Consumer Reports have been carrying out long-term reliability tests since 1972 and once placed Mercedes as number one for reliability. Why Is Germany So Popular? Much German innovation involves infusing old products and processes with new ideas and capabilities or recombining elements of old, stagnant sectors into new, vibrant ones. It’s to sustain productivity and employment growth in order to ensure real income expansion. The bottom line: German manufacturers are contributing significantly to employment growth and real income expansion. Science and technology in Germany have been very significant and research and development efforts form an integral part of the country's economy. Germany has a network of public institutions that help companies recombine and improve ideas. But in many ways it isn’t so productive. Why is Germany so Strong in Manufacturing? For example, look at how much of a new BMW is based on innovation in information and communication technologies, and how many of the best German software programmers go to work for Mercedes-Benz. This is the lowest level since reunification. The U.S., by contrast, lets old industries die instead of renewing them with new technologies and innovation. As an economic … Germany’s innovations create and sustain good jobs across the spectrum of workers’ educational attainment; American innovation, at best, creates jobs at Amazon’s fulfillment centers and in Apple stores. However, their assessment has become a little more scathing since 1999, when Mercedes launched their first ever SUV. This sector of the economy embraces 99.6 per cent of German companies. German is a worthwhile choice. Combine this with an excellent work ethic, and the result was some of the greatest inventions ever seen on Earth. Two-thirds of the major global industrial events take place in Germany. In Germany, we have special beer laws -- the so-called Deutsches Reinheitsgebot regulation first introduced in 1516 dictates that only water, barley and hops may be used. The nice thing about them is that they are kickass in science/economy while still retaining a great culture of high art, unlike America who achieves its economic dominance at the cost of breading generations of worthless proles who consume complete garbage, and has had no worthwhile artistic output for at least 50 years. [Wikipedia, 2014] Copyright © 2020 Harvard Business School Publishing. If German engineering is so good, why is mercedes reliability only Average? Some Germans are also worried about this. But the fairy tale that the U.S. is better at radical innovation than other countries has been shown in repeated studies to be untrue. In June 2018 the number of unemployed people totalled 2.2 million. Germany is one of the most powerful economies in the world while the German language is the most spoken native language in the European continent. Indeed, as part of an effort to learn from Germany about effective innovation, U.S. states have encouraged the Fraunhofer Society, a German applied-science think tank, to set up no fewer than seven institutes in America. The largest German employers are Volkswagen (642,000 employees worldwide), Deutsche Post (519,000), Robert Bosch (402,000), Schwarz-Gruppe (retail, 400,000) and Siemens (372,000). Three factors that push the country ahead. They feel a bit rougher, a bit angrier, and a bit more animalistic than any other cars. Reading the headlines, you might think that the most urgent question about national success in innovation and growth is whether the U.S. or China should get the gold medal. Now that we have got your attention, let us say it again. As a consequence, Germany doesn’t only seek to form new industries, it also infuses its existing industries with new ideas and technologies. Like Kuban. Changes need to happen in how we transfer radical inventions from the lab to the marketplace, via a set of public-private institutions that do for America what the Fraunhofer centers do for Germany. Brilliant! It also explains why Germany’s industrial base hasn’t been decimated, as America’s has. From physics and chemistry to cars and consumer products, Germany is a world leader in innovation, boasting leading universities and research institutes alongside major engineering, IT and manufacturing industries. What makes it so startling, Graham says, is that Russia isn’t a technology backwater—in fact, Russian scientists have been responsible for some of … German companies are global leaders and have an extensive network of branches all around the world. In Germany the share of industry in gross value added is 22.9 per cent, making it the highest among the G7 countries. However the British had a problem, and that problem was called oil. The truth is: Germany wins hands down. So, Germany had provided its people with an academic environment that encouraged its population to excel in sciences and the arts. There's nothing new about hackers breaking into systems, or fraudulent acts, like identity theft and piracy, in the cyberspace. This leads to things like long, aggressive store names and job titles, as well as migraines for tourists and expats in Germany. More than thirteen percent of students at German universities in 2018 came from all over the world - just like you. Foreign direct investment has reached a record level. Why is Internet Safety Important? Europe - why is German coffee so good? Deutschland Edition: download the magazine as an e-paper – and enjoy 56 pages on Germany and Europe free. Germany actively coordinates these factors, creating a virtuous cycle among them. Now that we are maxed out on stereotypes, let’s face it: out of the available languages in the world, German is not an obvious choice. Germany has been one of the fastest-growing markets for technology and the IT industry. The cost of other goods and services like food, amenities, public transport and so on is not high. We roasted French, so now it's time for the German language to have its turn. Medium-sized enterprises form the heart of the German economy. Offsetting carbon emissions ID: ZRI-BSC-471559. The trees and hills makes your aiming unpredictable making you go close quarters. Our needs are met with greater ease. In comparison, the USA quota is 26.7 per cent. Some German cars can be at the forefront of modern technology, others can be lagging behind a little bit. : Five reasons to study in Germany Germany is the fourth most popular destination among international students in the world. 1. In June 2018 the number of unemployed people totalled 2.2 million. Why is Technology Important? Its strong economy means citizens work fewer hours, which is certainly an efficient way to run a country. In 2010, just under 11% of the workforce was employed in manufacturing, and manufacturing contributed 13% of GDP. Courtesy – technology. An American PhD student in computer science never even thinks about a career in the automobile industry — or, for that matter, other manufacturing-related fields. However, the outcome of the technology used for war lead to the death of millions. Just by learning the language. So what will you benefit from a Masters study in Engineering in the homeland of Albert Einstein and Carl Benz? It’s the main reason why German is one of the easiest languages to learn for English speakers. 1 ... on the other side of the tracks are fuel tanks all along the tank, so pretty good chances there. As Figure 1 shows, the share of gross domestic product (GDP) accounted for by manufacturing is higher in Germany than in any other European country. Germany has been an academic powerhouse for a long time, and as such education is the backbone of Germany’s technological advances. We need new policies that allow American innovation to be scaled up and produced on American soil, by American workers. The first is the considerably large role manufacturing plays in the overall economy. Germany and Russia are now close to completing a second Nord Stream pipeline. Inequality is on the rise, and the country’s balance of payments is getting worse. This is the lowest level since reunification. The ad campaign works because people associate German design and manufacturing with qual For years, Audi advertisements have used the slogan “Vorsprung durch Technik.” Only a fraction of the millions who have read or heard the words know what they mean (“Progress through technology… Germany’s style of innovation explains its manufacturing prowess. A wide range of important websites are in German and worldwide, Germany is ranked number 5 in terms of annual publication of new books. Nazi Germany put effort into developing weapons; particularly aircraft, rockets, submarines and tanks during the war. According to the Economist, German learners will have an accumulated bonus earnings of 125,000 euros. So why is the German economy so powerful, and what lessons can the rest of us learn from it? German is easy to acquire In the U.S., by contrast, fewer and fewer people are employed in middle-class manufacturing jobs. True, Americans do well at inventing. Germany innovates in order to empower workers and improve their productivity; the U.S. focuses on technologies that reduce or eliminate the need to hire those pesky wage-seeking human beings. Technology has brought advancements in agriculture, due to which food produce has increased. The U.S. has the world’s most sophisticated system of financing radical ideas, and the results have been impressive, from Google to Facebook to Twitter. After several weeks of use, Jonathan has noticed that even when he doesn't wear his lift device he remembers to sit up straight on his own. If at all there is something to be worried about, it… Speech Rate Conversion Technology. Germany good, no question about that at all. If you were to fill your kitchen and garage with the best products that your budget could afford, how much of this space would be filled with German products such as Miele, Bosch, BMW, and Audi. As if extending Russia’s grip isn’t enough, Angela Merkel is also helping the Chinese reach out by refusing to exclude Huawei from Germany’s 5G network. Ten million visitors attend around 150 international trade fairs and exhibitions each year. Technology companies in India have driven growth, created jobs, increased access to resources, education and healthcare, resulting in falling poverty levels and improved lifestyles. Knowledge of German therefore offers you extended access to information. The German law states that international students are allowed to work part-time for up to 20 hours a week or 120 full days of a year. Starting from future employability to the emotional joy, there are countless reasons why learning German is very beneficial to you. Germany understands that innovation must result in productivity gains that are widespread, rather than concentrated in the high-tech sector of the moment. 12 great reasons why you should start learning German today So you already have some perfectly good reasons for learning German ... Maybe you want to be able to communicate with relatives, or to travel to Germany during your summer break, or prepare yourself for study in a German-speaking country. This is because innovative solutions are the factors that drive our prosperity and support our quality of life.” People around the world learning how to speak German have long struggled with German's fearsome grammar, in which multiple funny words are stuck together to make more descriptive terms. Germany has been the home of some of the most prominent researchers in various scientific disciplines, notably physics, mathematics, chemistry and engineering. The strongest sectors are vehicle construction, electrical industry, engineering and chemical industry. It's very clever, with an altometer built into it, so if you slouch, it reminds you to sit up straight again. In other words, companies with an annual turnover of less than 50 million euros and less than 500 employees. Make more money. Ready for export: cars wait for shipping in Emden. Americans need to recognize that the purpose of innovation isn’t to produce wildly popular internet services. Germany is just as good as the U.S. in the most radical technologies. Yet again, its not good to go too aggressive with your German Armour too. The world is smaller and life is fast. Only innovation policies that target the complete innovation cycle will succeed in creating economic growth that enhances the welfare of all citizens. Economic growth doesn’t happen at the moment of invention. The foreign trade quota is currently 84.4 per cent – that’s the sum of imports and exports in relation to GDP. Together with China and the USA, Germany is one of the three largest exporting nations. 2. Even the reputation of the British was once very good (and in some specialist areas such as space technology, it still is). ... Can't wait to get IS-2 and destroy their "superior German technology". How is it possible that Germany could export so much when their products are not that cheap? Germany is better at sustaining employment growth and productivity, while expanding citizens’ real incomes. We need to think about skills training as a lifelong endeavor, with workers across the spectrum of education being taught how to use new technologies to increase productivity. Berlin/Brandenburg is the strongest start-up region. German high-tech is in demand, not only in China. Why is Germany so efficient? After all, on a global scale German is used by relatively few people.However, there are g… 10 Compelling Reasons 1. So whether you are still on the fence about giving the language a try or if you are already a student of German and looking for reassurance that you are not wasting your time, read on to find out why learning German is a good idea. Owing to the applications of technology, our standard of living has gone up. David B. Audretsch Germany has attained a strong and sustained performance in manufacturing in three important ways. German military technology during World War II increased in terms of sophistication, but also cost, mechanical unreliability, and time to manufacture. Communication: Developments in media, information and communication technology require multilingual communicators. Work Opportunities For International Students. This is the lowest level since reunification. The. Euro bliss There is no doubt that Germany has benefited greatly from the euro. For example, many, if not most, of the Chinese products we buy every day are produced by German-made machinery, and the companies that make them are thriving. There is nothing a German can do that a properly trained and incentivized American cannot. Judging by the importance of foreign trade for gross domestic product (GDP), Germany is the most open economy among the G7 states. As a result, we don’t have healthy cohesive industries; we have isolated silos. There has to be a reason why so many people decide to hop on board the German train.When contemplating learning a new language, you might be asking yourself if the Teutonic tongue is really worth the time and effort. There is no doubt that German engineering is known all around the world – for everything from luxury sport cars to high-end everyday technology. Good employment rate. Germany’s workforce is constantly trained, enabling it to use the most radical innovations in the most diverse and creative ways to produce and improve products and services that customers want to buy for higher prices. The discovery of oil in the North Sea forced the price of the pound up, because everyone wanted to buy oil from us, and needed to buy pounds in order to do so. The most important economic centres in Germany are the metropolitan regions of Munich (high tech), Stuttgart (vehicle construction), Rhine-Neckar (chemicals, IT), Frankfurt am Main (finance) and Hamburg (port, aircraft construction, media). Planned obsolescence? (We both drink it … Baily says a big reason is that technology is advancing so fast that it will continue to displace even highly skilled manufacturing workers. often publicly less well-known international market leaders. Before World War II, Germany had generated more Nobel laureates in … Germany is approaching full employment. Germany does a better job on innovation in areas as diverse as sustainable energy systems, molecular biotech, lasers, and experimental software engineering. Since I so often ask myself, "why is Germany so popular? Why is Germany So Good at Manufacturing? Good employment rate. A long History to draw from … Having this in mind, it is no surprise Germany is one of the leading European study destinations for students interested in this field. And that’s exactly why technology is so important today and will always be. What’s more important, Germany is better at adapting inventions to industry and spreading them throughout the business sector. Germany actively coordinates these factors, creating a virtuous cycle among them. In June 2018 the number of unemployed people totalled 2.2 million. Why Should I Learn German? More than 1,000 of these companies are so-called hidden champions, i.e. Whether or not this is a good thing is not for me to say, but it certainly makes German cars unique. Related Posts. Since then, the brand has … In 2017 Germany exported goods worth 1,278.9 billion euros. Germany is approaching full employment. - Just returned from a trip to Germany, and my husband and I both noticed how good their coffee was. America, Poland and Ukraine are bitterly opposed, but it’s good for Germany so that’s alright then. Germany is the world’s premier location for organizing international trade fairs. release date: 07/25/2016 tags: Manufacturing A full 21% of Germany’s economy is fueled by manufacturing.Exporting nearly $1.4 trillion dollars of German manufactured goods each year to the U.S., Asia, and beyond, Germany is inarguably the world’s manufacturing powerhouse. Why is Germany so popular to high-end everyday technology in the homeland Albert. - just like you products are not that cheap the emotional joy, there are countless why! Study in engineering in the homeland of Albert Einstein and Carl Benz breaking systems. 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